If you are interested in learning about cryptocurrencies then a quick intro to cryptocurrency below will give you a basic understanding of what it is and a little of how it works.

Cryptocurrency is an online form of payment that can be traded for goods or services, just like fiat money (government issued currency).

There are many companies that have created their own tokens which can be traded for their own goods and services. So there are certainly a lot of cryptocurrencies out there. Currently there are over  16,000 according to CoinMarketCap.com, a market research website! However, be aware, a vast majority of these cryptos will become worthless, and in fact, you need to be aware that some coins that get created are pure scams.

Don’t let that discourage you. There are also many cryptos that offer terrific opportunities for making a lot of money. You just have to learn how to sort out the good from the bad. Usually that means following some of the leading newsletter publishers who have people who have been working with cryptocurrencies for a number of years. Also, come back here to our site as we will add new posts for you to learn from.

According to Investopedia.com, the “crypto” in cryptocurrency refers to “complicated cryptography which allows for the creation and processing of digital currencies and their transactions across decentralized systems.”

Cryptocurrencies are developed and run on what is called blockchain.

Cryptocurrencies are usually developed by teams who build in various mechanisms for issuance, usually depending on that decentralized system. Cryptocurrencies work by using something called blockchain, which is a decentralized technology that is spread across a great many different computers and records and manages transactions. It’s very secure because it’s not all in one central location, and once a transaction is chained, it’s recorded for posterity.

Entrepreneurs have begun to utilize cryptocurrency to further their business and increase profits. In fact, since cryptocurrencies are both investment opportunities and new financial instruments, there has never been a better time to get started!

Are you ready to dive into the exciting and profitable world of cryptocurrency and blockchain?